“Capital isn’t scarce; vision is.” Sam Walton
This is a profound statement by Sam Walton and very appropriate today. There are a lot of bright people focused on making it through the day instead of looking forward.
The one consistent story in the market statistics produced by the Northeast Florida Association of Realtors for September is the inventory of homes for sale continues to drop. There were 16,280 active properties for sale in September 2010 and there are 32% less properties (11,011) in September 2011.The inventory has dropped every month in the past year. The months supply of inventory is at 7.7 months supply compared to 11.6 months in September 2010, a 34% decrease. The inventory reductions we are seeing should lead to increased pricing in the future.
Pending sales in September 2011 are up 24% over September 2010. The year to date pending sales for 2011 are up 7% over year to date 2010. The North Florida market has averaged 1,450 pending sales a month for the last 12 months compared to a 1,385 average for the previous 12 months. (more…)
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For over a year now, Davidson Realty has been learning all about social media. We have been blogging on all the events we do, the people we meet and the trends in North Florida real estate we see. We have been hosting monthly webinars and creating a library of them for you on our web site. We have been posting on our Facebook page and tweeting quite a bit too. We even started a LinkedIn group for the real estate industry in Northeast Florida! And, quite frankly, we have been having fun doing it all!
Hopefully, the information we have shared has been beneficial to you. But now we want you to have fun too! So we are starting to have contests on our Facebook page. This month it is Trivia Time! Every other month, we will ask a question on our Facebook page. If you don’t automatically know the answer, you can always find it on our web site. The first person to answer it correctly wins a fabulous prize! This month the question will be posted tomorrow and the prize is tickets to see Toy Story 3 at the IMAX.
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Whether you’re a homeowner, possible home buyer or investor, you can use the information presented this Thursday, December 10 when The Davidson Speaker Series continues with Real Estate Trends. Come for the smart info, and stay for a yummy s’mores on our outdoor terrace! The experienced Jacksonville real estate panel will include Davidson Realty, Inc. President Sherry Davidson, Todd Oakes, co-owner of Accredited Appraisal Assoc. of Northeast Florida, Inc., and Damien Blumstein of Dolphin Home Mortgage. The panel will cover a wide range of real estate topics, including what’s new in mortgages, refinancing and loan modification, tips for appraisals in the current market, and the outlook for pricing and value stabilization. The Real Estate Trends Speaker Series will be held December 10 at 7:00 p.m. in the Community Room at Davidson Realty’s offices. (more…)
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We kick off our FREE Speaker Series tonight at 7 p.m. Join us for wine, cheese and networking. This month’s speaker, attorney and counselor at law Stephanie Harriett will speak at 7:30 p.m. on elder law, probate and estate planning. Come tonight to hear answers to questions like, “What are advanced directives and why do I need them?” and “If I die with debts, is my estate required to sell my homestead to pay my creditors?”
A native Floridian and a graduate of Florida Coastal School of Law, Harriett’s personal life experiences led her to practice exclusively in the areas of elder law, probate and estate planning. She opened her own law firm last year and handles both contested and uncontested matter in Probate and Guardianships.
Because everyone has questions about the current real estate market and the economy, the Davidson Speaker Series will feature notable speakers on current issues and trends affecting homeowners and the real estate industry. The (more…)
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